Press Releases

Distributed: Feb 10, 2011

Alerts Login
loading.........

Share on StockTwits  
View in Other Languages 4576 4572 4332 3765 3616 3404 3219 3157 2824 2777 2465 

Sydney, Feb 10, 2011 (ABN Newswire) - We have been bullish oil since below US$40, and our US$145 target for next year remains in place says Herston Economics' Clifford Bennett. The recent selling of oil on the basis that things will calm down in Egypt, the Saudi's will pump more oil, and higher US reserve levels, all miss the two most important points. China and India will add millions of vehicles this year and there are indications global oil production is about to hit peak level beyond which it cannot go.

There are physical constraints to how much oil can be produced on a daily basis, but no limit to how many motor vehicles are going to be put on the world's new roads. Oil is tremendously cheap at current levels, says Clifford Bennett.

View the videocast here:
http://www.abnnewswire.net/multimedia/en/65193/Clifford-Bennett


Share on StockTwits  

Contact

Clifford Bennett
Herston Economics
Email: clifford@herstoneconomics.com
http://www.herstoneconomics.com

ABN Newswire
Tel: +61-2-9247-4344
Fax: +61-2-9247-4511
http://www.abnnewswire.net

  Related Companies

>>>              Herston Economics

  Related Industry Topics:

Metals | E-Commerce and Mobile | Credit & Misc. Finance | Consumers General | Financial General | E-Business | Retail & Merchant Banking | Mining | 

  This Page Viewed:  (Last 7 Days: 15) (Last 30 Days: 91) (Since Published: 3765) 

45760 45720 43320 37650 36160 34040 32190 31570 28240 27770 24650  (38707)

   

  ABN Newswire on Social Media

Site Search

 
 ENGLISH   All Languages
Send A Press Release
Webcast Your Annual General Meeting

Mobile Video TV

qrcode
Scan with your Mobile Phone to view ABN Newswire Video Channel on Mobile